Managematics
David Starr is better known as Managematics to members of the First Wave chat on ThinkOrSwim. Most use his many freely-distributed implementations of First-Wave technical studies and his regular market commentary, including timely trading insight based on Elliott Wave analysis. David's acclaimed FibGrid and DynaRange indicators are available right here on FWTrader.com.
Squawk Morning Briefing: Expecting Divergences
After the close on Tuesday IBM reported earnings that topped consensus on revenues which fell short of forecast and the stock was punished in after hours trading. IBM continues to trade at those lower levels today and because it is one of the higher priced stocks in the DJIA we can expect that this will […]
Squawk Morning Briefing: Room For Bulls to Regain Control
We had been discussing how the DJIA and the S&P 500 can become disconnected during earnings season and we saw another example of that disconnect on Friday. The S&P 500 lost ground on the day while the DJIA was up. And while the immediately bullish scenario in the S&P 500 was tested it didn’t break. […]
Squawk Morning Briefing: Watching SPX During Earnings
The DJIA and S&P looked very different on Thursday. Not only has the DJIA still not joined the S&P in printing above its 12/31 all-time high but the index of 30 stocks lost much more ground on Thursday. Often the two indices move in lock step but earnings season can often be a […]
Squawk Morning Briefing: Still Higher?
Wednesday saw the S&P 500 reach new highs along with several other markets. Notably left behind was the DJIA. While we can construct scenarios which would have the DJIA fail to follow the S&P’s example or in which the markets could peak at different times, our base case assumption is that U. S. […]
Squawk Morning Briefing: Equally Impessive Reversal
As dramatic as Monday’s decline was, Tuesday’s bounce was equally impressive and it supports the impression we have been holding that an outlook for new highs remained valid. Now that outlook looks likely. Details in today’s videos.
Squawk Morning Briefing: Dramatic Drop
Monday’s action brought a dramatic drop in U. S. equities and today’s videos address the question of whether this is further evidence of a change in trend or just a larger pullback in a continuing bullish advance.
Squawk Morning Briefing: Still Consolidating?
U. S. equities still appear to be consolidating near all-time highs. That leaves our broad outlook unchanged.
Squawk Morning Briefing: Undecided Market — Again
Monday morning we commented on the tendency of markets to leave themselves in a position to go either way heading into the monthly jobs report and that’s exactly where things stand again today. While the short term could go up or down and still be consistent with our view of markets, it appears that […]
Squawk Morning Briefing: Consolidation
Our expectations for an impulsive move up in U. S. Equities may need to be tempered as action has been looking more sideways than up. Nevertheless, they don’t look impulsive to the downside and that would leave this action as some form of consolidation near all-time highs. Consolidation generally leads to to […]
Squawk Morning Briefing: Upside Impulsive Action
Based on Tuesday’s trading, the move up from Monday’s low in U. S. equities continues to look impulsive. That means that we expect the trend to be up until it completes as a five wave move. However, with multiple scenarios in play we can’t be sure how far that will be. Today’s […]